0143 GMT February 18, 2020
Deputy Oil Minister Mansour Moazami added that it was the first refining investment project, hoping that the removal of shortcomings will pave the way for further projects, Shana reported.
The project includes eight 60,000-barrel refineries, which will be built in Pars Special Energy Economic Zone (PEEEZ) by the private sector.
The construction of eight gas condensate refineries in Siraf will increase their production to 480,000 barrels per day of light oil.
Touching upon the qualifications of 50 companies reviewed in the tender process, the Oil Ministry announced that eight companies will implement the project.
The ministry is seeking to use the capabilities of these companies in other oil projects as well.
The refineries will be built in an area covering 250 hectares that PEEEZ will rent to private operators for 20 years, which can be extended.